The most valuable thing you own is your home, so making sure you have the best options available to you is important to us. Whether you want to borrow for home improvements, educational expenses, debt consolidation, or major purchases, a home equity loan or line of credit from Nutmeg is the right choice. Because home equity lines of credit and loans are secured by the equity in your home, the rates are typically lower than on most other loans.
Home Improvements Add Value
Even though you can use the equity in your home for other expenses, updating your home by making improvements adds great value. For example, statistics show that a moderate kitchen remodel adds up to 70% of its cost to your home’s value, as does upgrading exterior siding. Even further, certain energy-efficient upgrades could give you tax benefits and lower energy bills in addition to adding value. Please keep in mind, however, a $70,000 kitchen in a $200,000 house doesn’t make sense. You want to ensure improvements are proportional to your home’s value.
Additional benefits of home equity loans and lines of credit:
- Interest may be tax-deductible
- Fast decision making
- Fixed-term, fixed rate home equity loans for borrowing a specific amount
- Home equity line of credit for whatever you need, whenever you want, simply by transferring money from your line of credit to your checking account
- Easy online application process
- Work with a Home Loan Specialist for the best results
As an added bonus, we’ve got 2 very special offers. We’re offering 5-year home equity loans as low as 3.25% APR or 7-year home equity loans as low as 3.75% APR with a $375 cash back bonus, giving you even more cash on hand to jump-start those repairs and remodeling. Click here to learn more.
Fixed rate home equity loans and lines of credit can be a great way to get much-needed cash at a reasonable interest rate. Your home could be an untapped financial resource that can help you make improvements, pay for large expenses or even just take a vacation. Call us today to find out more!
Thank you for banking with us!
President and CEO